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Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s):  PTUUF

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.


TSXV:PTU - Post by User

Bullboard Posts
Comment by cayp21on Apr 10, 2019 7:30am
223 Views
Post# 29605552

RE:RE:RE:Opinion seems evenly divided.

RE:RE:RE:Opinion seems evenly divided.Sorry Dmast but have to disagree on the global uranium market.  I have done the analysis on that and even IF (... and that is a big IF) blue skies return, the reactors that would be reboot and built the best one could expect is btwn a 2-3% demand growth per annum.   Yawn.  More to the point is that Russian needs every dime they can get their hands on (aka sanctions) so they will over produce until the cows come home + even if the slightest thing goes wrong with any of the operational reactors ... well then ...  Returning to pre-Fuka levels is just not realistic- = that was a bubble in itself.  Add into the mix that the global boom years are over period (babyboomers who have the wealth, created the surplus demand, will destroy it bec we are aging and dont need to buy more useless nonsense.  Demand for EVERYTHING will continue to drop and for the next 15 years until the next generation has accumulated wealth (that is not solely driven by debt).  In short this (potential) great uptick in U is a wing and a prayer.  That all said I am very bullish on PTU but as I said before that is a 5 year plan and this year is not it IMO.
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